BOM Bank's Premium Checking Available In Louisiana And Texas


Deal Summary: Premium Checking, 4.09% APY on qualifying balances up to $15k.

Availability: Louisiana and Texas

BOM Bank began offering its Premium Checking account more than three years with an initial 4.09% APY on qualifying balances up to $15k, and that rate is still in effect. Qualifying balances greater than $15k earn 0.20% APY, with non-qualifying balances earning 0.15% APY.

4.09*%-$15kBOM BankBOM Premium Checking Account
OTHER TIERS: 0.20% $15k+
Rates as of April 8, 2024.

The monthly qualifying requirements have also remained the same and include,

  • At least 20 monthly debit card transactions.
  • At least one ACH payment or Direct Deposit.
  • Enrolled in and agree to receive online statements.
  • Access online banking and/or Mobile App.

The Premium Checking account has no minimum balance requirement or monthly service fee, but does require a minimum $100 opening deposit. Nationwide ATM fees will be reimbursed up to $20 each month, if qualifications are met. There is a limit of one account per Social Security number and can only be used as a personal account. If a Premium Checking account has a zero balance for more than thirty business days, it will be automatically closed.


Headquartered in Montgomery, Louisiana, BOM Bank’s market area has expanded since my August 2019 Premium Checking blog post: all U.S. citizens/resident aliens who live in Louisiana or Texas are now eligible to open a Premium Checking account through an online application.

Opening a Premium Checking account can done online (there’s an “Open An Account” link on the menu at the top of every page on BOM Bank’s website) or at any of 14 Louisiana branches located in Alexandria (2), Benton, Castor, Derry, Haughton, Many, Montgomery, Natchitoches (3), Ringgold, and Shreveport (2), or at the Hemphill, Texas branch location.

Our officers and employees will continue to be available to personally assist you
with your banking needs. Please give us a call at your local community branch.

Bank Overview

BOM Bank has an overall health grade of "A" at, with a Texas Ratio of 3.30% (excellent) based on June 30, 2020 data. In the past year, BOM Bank has increased its total non-brokered deposits by $109.48 million, an excellent annual growth rate of 27%. Please refer to our financial overview of BOM Bank (FDIC Certificate # 1373) for more details.

Established in 1903 by a group of Grant Parish businessmen, BOM Bank was originally known as the Bank of Montgomery. For more than 90 years, the Bank’s market area didn’t go beyond the borders of Grant Parish; growth began in 1996, with the opening of a branch in Natchitoches Parish. Between 2015 and 2017, the Bank acquired Bank of Ringgold (three locations), Tri State Bank (two locations), and two individual MidSouth Bank locations. In early 2018, the BOM Bank rebrand occurred when the headquarters moved from Montgomery to Natchitoches. BOM’s most recent acquisition occurred in 1029 when First State Bank of Hemphill, Texas became part of BOM.

How the Premium Checking Compares

Given the multi-state market area, comparing the Premium Checking to nationally available reward checking accounts is appropriate. When compared to the High Yield Reward Checking Accounts tracked by that are nationally available within and have maximum qualifying balances of at least 15k, BOM Bank’s Premium Checking APY currently ranks first.

The above rates are accurate as of 12/1/2020.

To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account Rates Table page.

Related Pages: Shreveport checking accounts, Alexandria checking accounts, Tyler checking accounts, reward checking accounts

BOM Bank (LA) Premium Checking Earns 4.09% APY Up To $15k
Deal Summary: Premium Checking, 4.09% APY up to $15k, $100 minimum opening deposit.

Availability: Market area includes seven northwest Louisiana parishes.

BOM Bank’s Premium Checking account has been part of the Bank’s product line for more than two years, and its initial 4.09% APY (on qualifying balances up to $15k) is still in effect. Qualifying balances greater than $15k earn 0.20% APY, while non-qualifying balances earn 0.15% APY.

Qualifying Requirements

  • At least 20 monthly debit card transactions.
  • At least one ACH payment or Direct Deposit.
  • Enrolled in and agree to receive...
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